#41: Professor Euston Quah- How Practical Economics Made Singapore

Professor Euston Quah is a prominent Singaporean economist and the Albert Winsemius Chair Professor of Economics at Nanyang Technological University (NTU), where he also serves as Head of the Economics Division.

Known for his work in cost-benefit analysis, environmental economics, and policy economics, he has advised various government agencies and chaired national committees in Singapore.

His research often bridges economic theory with practical policymaking, particularly in sustainability, public infrastructure, and regulatory impact.

TIMESTAMPS:

00:00 Introduction

01:30 Who Is Albert Winsemius?

05:55 How Albert Winsemius Made Singapore Better

20:35 The Art of Economic Advising

27:56 Market Failures and State Intervention

30:12 Intellectual Tradition of Economics in Singapore

31:06 Singapore's Entrance Into An Uncertain World

34:27 Why Cost-Benefit Analysis

42:22 How To Appraise Costs & Benefits

45:37 Limitations of Cost-Benefit Analysis

51:54 How Valuation Works

54:08 Why Sensitivity Analysis

60:09 Advice for Graduates Entering the Workforce